South African Real Estate Potentially Undervalued Companies

Safari Investments RSA

Market Cap: R2.0b

SAFARI is a property investment company listed on the JSE as a Real Estate Investment Trust that specialises in quality commercial investments.

Delta Property Fund

Market Cap: R221.4m

Delta Property Fund Limited (“Delta” or “the Group”) is a South African domiciled Level 1 B-BBEE Real Estate Investment Trust (“REIT”).

Exemplar REITail

Market Cap: R4.6b

A listed Real Estate Investment Trust (REIT), which develops, owns and manages township and rural retail real estate.

Accelerate Property Fund

Market Cap: R933.7m

Accelerate Property Fund aspires to be the most valued property fund on the Johannesburg Stock Exchange by acquiring high-quality properties with long-term leases with strong tenants.

Shaftesbury Capital

Market Cap: R2.6b

Shaftesbury Capital PLC ("Shaftesbury Capital") is the leading central London mixed-use REIT and is a constituent of the FTSE250 Index.

Deutsche Konsum REIT-AG

Market Cap: R94.7m

A real estate investment trust, engages in the acquisition, leasing and management, and sale of retail properties in Germany.

Attacq

Market Cap: R11.4b

An innovative Real Estate Investment Trust (REIT) based in South Africa, with a vision to create sustainable value for all stakeholders.

Newpark REIT

Market Cap: R480.0m

Newpark was registered and incorporated as a public company on 7 December 2015.

Octodec Investments

Market Cap: R3.8b

Octodec Investments Limited (Octodec or the company), its subsidiaries and associated company (the group) is a real estate investment trust (REIT) listed on the JSE Ltd (JSE) and A2X, with a diversified portfolio of 226 residential, retail, office and industrial properties situated in the major metropolitan areas of Tshwane and Johannesburg.

Burstone Group

Market Cap: R7.5b

A South African Real Estate Investment Trust, (REIT), which listed on the JSE in the Real Estate Holdings and Development Sector on 14 April 2011.